Didn’t pay his last two months of mortgage payments.

If you're looking to pull all equity out it may not work, but could be an option to explore with a balloon payment and short term. 

Hey BP, I have seen some people have been asked to give a down payment just to apply for a loan (in the last conversation I had , it was with an investor who needed a commercial loan) How common is this and why is that even asked before the loan has been given, would it apply to the balance eventually? 

DSCR doesn't keep anyone ahead of any potential market dips, likely quite the opposite due to the pre-payment penalty's often associated therein.

Michele, not know how Maine laws work, I can tell you that in Washington State that if they request a payment plan for security deposit payments we must honor it.

How much do they need as a down payment ?

For the existing, they said due to budget cuts, they aren't raising ANY rents.

Unless I am missing something, this case does not support your opinion as I understand it.Likewise, the statute you reference has no bearing on the issue.Finally, the Introduction of the treatise states:When would parties entering a contract want performance to be specifically required, and when would they prefer payment of money damages to be the remedy for breach?

Most times the salesman sells them on a dream of having a zero dollar electricity bill, but never mention how the payments can actually kill you.

You can pay $300,000 in cash for one quad, or use that same cash to buy (4) $300k quads with a $75k down payment on each. 4 doors vs 16 doors.